OTHER LIABILITIES AND DEFERRED CREDITS

6 Months Ended

Jun. 30, 2019

Other Liabilities Disclosure [Abstract]

OTHER LIABILITIES AND DEFERRED CREDITS

OTHER LIABILITIES AND DEFERRED CREDITS

Other liabilities and deferred credits consist of the following (in thousands):

	June 30, 2019		December 31, 2018
Acquired below market leases, net	$	27,584	$	25,952
Prepaid rent and deferred revenue	10,650		11,634
Interest rate swap liability	1,783		801
Deferred rent expense and lease intangible	37		2,210
Deferred compensation	1,494		1,424
Deferred tax liability	95		93
Straight-line rent liability	13,725		7,393
Lease liability	6,942		—
Other liabilities	52		40
Total other liabilities and deferred credits, net	$	62,362	$	49,547

Straight-line rent liability relates to leases which have rental payments that decrease over time or one-time upfront payments for which the rental revenue is deferred and recognized on a straight-line basis.